EXPLORER HEAT LIMITED

🌳Matureactive

SC487316 · ltd · incorporated 2014-09-23

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: SIC 35130

Sector: Electricity, gas & energy

Investor take

Pursue

Active trading company with a 68-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (63/100, director aged 68). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (57/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

Confirmed no charges registered

Directors & officers

7 officers (4 active, 7 linked, 5 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

6 connected companies via shared directors

Filing history

33 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (28 events)Click to expand

2025-09-16
📄
accounts-with-accounts-type-dormant
accounts · AA
2024-10-03
📄
accounts-with-accounts-type-dormant
accounts · AA
2023-09-11
📄
accounts-with-accounts-type-dormant
accounts · AA
2023-06-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-06-16
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2023-06-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-06-16
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-06-16
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2023-06-14
➕
MORRISON, Fiona appointed
secretary
2023-06-14
➕
BOYLE, David appointed
director
2023-06-14
➕
MORRISON, Fiona appointed
director
2023-06-14
➖
DRYDEN, Lindsey resigned
secretary
2023-06-14
➖
HOWARD, Valerie resigned
director
2022-12-09
📄
accounts-with-accounts-type-dormant
accounts · AA
2022-03-07
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-03-07
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-09-17
📄
accounts-with-accounts-type-dormant
accounts · AA
2020-10-02
📄
accounts-with-accounts-type-dormant
accounts · AA
2020-09-23
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC06
2019-09-02
📄
accounts-with-accounts-type-dormant
accounts · AA
2019-06-06
📄
termination-director-company-with-name-termination-date
officers · TM01
2018-11-14
➖
DWARSHUIS, Marieke resigned
director
2018-09-07
📄
accounts-with-accounts-type-dormant
accounts · AA
2014-09-23
🏢
Company incorporated
As EXPLORER HEAT LIMITED
2014-09-23
➕
RUSSELL, Alan John appointed
director
2014-09-23
➕
DRYDEN, Lindsey appointed
secretary
2014-09-23
➕
DWARSHUIS, Marieke appointed
director
2014-09-23
➕
HOWARD, Valerie appointed
director

Owner dependency

65/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

+Founder age: Director aged approximately 68 — succession pressure is live.

Succession & seller-readiness

55/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Hillcrest Homes (Scotland) Limited holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️

Hillcrest Homes (Scotland) Limited

Corporate parent

⬇

EXPLORER HEAT LIMITED

This company · SC487316

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Hillcrest Homes (Scotland) Limited Corporate entity	—	—	sig. influencesignificant influence	06/04/2016

1 historic (ceased) PSC

Hillcrest Homes (Scotland) Limitedceased 07/03/2022· significant influence

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

Similar companies

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D J LAING RECYCLING SOLUTIONS LIMITED→ SC398953 · est 2011	—	—	—	0	15y	82	79y
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PANMURE ENERGY LIMITED→ SC165231 · est 1996	—	—	—	200	30y	82	74y
QUALITY ASBESTOS SERVICES LIMITED→ SC317384 · est 2007	—	—	—	1600	19y	82	68y
GRAY COMPOSTING SERVICES LIMITED→ SC289042 · est 2005	—	—	—	800	20y	80	71y
HENDERSTON RENEWABLES LIMITED→ SC512310 · est 2015	—	—	—	400	10y	80	77y
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CASCADE WATER PRODUCTS LIMITED→ SC515736 · est 2015	—	—	£108.8k	—	10y	79	70y
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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

7 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →

🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive

Typeltd

Incorporated2014-09-23

Jurisdictionscotland

Primary SIC35130 — SIC 35130

Registered office

1 Explorer Road

Dundee

DD2 1EG

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-10-07

Last: 2025-09-23

Officers (4 active · 3 resigned)

MORRISON, Fiona→

secretary · appointed 2023-06-14

View their other companies + combined net worth →

Active

BOYLE, David→

director · ~61y · appointed 2023-06-14

View their other companies + combined net worth →

Active

MORRISON, Fiona→

director · ~58y · appointed 2023-06-14

View their other companies + combined net worth →

Active

RUSSELL, Alan John→

director · ~68y · appointed 2014-09-23

View their other companies + combined net worth →

Active

DRYDEN, Lindsey→

secretary · appointed 2014-09-23 · resigned 2023-06-14

Resigned

DWARSHUIS, Marieke→

director · ~60y · appointed 2014-09-23 · resigned 2018-11-14

Resigned

HOWARD, Valerie→

director · ~85y · appointed 2014-09-23 · resigned 2023-06-14

Resigned

Click a director name to see their full track record across all companies.

Recent filings (33 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-09-23

accounts-with-accounts-type-dormant

accounts · AA

2025-09-16

accounts-with-accounts-type-dormant

accounts · AA

2024-10-03

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-09-23

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-09-25

accounts-with-accounts-type-dormant

accounts · AA

2023-09-11

appoint-person-director-company-with-name-date

officers · AP01

2023-06-16

appoint-person-secretary-company-with-name-date

officers · AP03

2023-06-16

appoint-person-director-company-with-name-date

officers · AP01

2023-06-16

termination-director-company-with-name-termination-date

officers · TM01

2023-06-16

termination-secretary-company-with-name-termination-date

officers · TM02

2023-06-16

accounts-with-accounts-type-dormant

accounts · AA

2022-12-09

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-09-23

notification-of-a-person-with-significant-control

persons-with-significant-control · PSC02

2022-03-07

cessation-of-a-person-with-significant-control

persons-with-significant-control · PSC07

2022-03-07